Napa Wealth Management Cuts Stock Position in Meta Platforms, Inc. $META

Key Points

• Napa Wealth Management reduced its stake in Meta Platforms, Inc. by 59.9%, now holding shares worth $767,000 after selling 1,992 shares in the first quarter.
• Several institutional investors, including GAMMA Investing LLC and Goldman Sachs, significantly increased their stakes in Meta, highlighting a growing institutional interest in the company.
• Meta Platforms reported earnings of $7.14 per share, exceeding estimates, along with a quarterly revenue of $47.52 billion, marking a 21.6% year-over-year increase.

Napa Wealth Management decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 59.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,331 shares of the social networking company's stock after selling 1,992 shares during the quarter. Napa Wealth Management's holdings in Meta Platforms were worth $767,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Inlight Wealth Management LLC purchased a new position in Meta Platforms during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the 1st quarter worth about $33,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Meta Platforms during the 4th quarter valued at about $45,000. Finally, JCIC Asset Management Inc. raised its holdings in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Meta Platforms stock traded down $6.72 during trading hours on Wednesday, hitting $747.38. 7,986,888 shares of the stock traded hands, compared to its average volume of 15,077,465. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.56 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The firm's 50 day moving average price is $732.47 and its 200-day moving average price is $657.92.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Analysts Set New Price Targets

META has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Morgan Stanley lifted their price target on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Evercore ISI raised their price objective on Meta Platforms from $725.00 to $750.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Robert W. Baird lifted their target price on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Activity

In related news, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold a total of 312,767 shares of company stock valued at $234,618,139 in the last quarter. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.